She has a hit TV show on the Disney Channel, a pair of albums that have debuted at #1 on the Billboard charts, a concert tour with 69 sold-out arenas in North America, and now a second #1 movie in as many years. Miley Cyrus is the biggest teen star in the world.

With most of Hollywood (including myself) expecting an opening in the mid-$20M’s for Hannah Montana The Movie (Disney), Miley has surprised “grown-ups” with her box office clout once again. The picture opened with a heavily front-loaded $17.39M on Good Friday then dropped 40% on Saturday to an estimated $10.34M, and it will reach an estimated $34M by the end of Easter weekend, making it the all-time #2 opening for the bunny holiday weekend. My Friday night early 3-day projection was for $33.6M, but then I raised my number to $39M on Saturday. As it turns out, I should have stuck with my first pass. These young skewing movies are tricky to project, and the Easter Weekend, where Saturday traditionally drops from Friday, makes it even more complicated.

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Easter weekend 2009 will almost certainly be an all-time record-breaker for Hollywood with a pair of new releases that could be among the top six bunny holiday openings of all time. Although neither Hannah Montana: The Movie (Disney) or the new R-rated comedy Observe & Report (Warner Bros) will challenge 2006’s all-time Easter weekend opening champion Scary Movie 4 ($40.2M), both new offerings look very solid in pre-release industry tracking, and they will be joined by some strong holdovers.

Universal’s Fast & Furious is likely to cross the finish line first for a second consecutive weekend, following up last weekend’s almost $71M with about $30M, which would mark a 58% drop. Still, it must be considered a triumph that the re-teaming of Vin Diesel, Paul Walker, Jordana Brewster and Michelle Rodriguez may have $120M in US sales after just 10 days. That will mean that Fast & Furious will have almost doubled the domestic gross of The Fast & The Furious: Tokyo Drift (the last film in the franchise), and this souped-up thrill ride could be headed for $160M US.

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Watchmen (Warner Bros) has followed a long and winding road, passing through the hands of some remarkable directors like Terry Gilliam (The Fisher King), Darren Aronofsky (The Wrestler) and Paul Greengrass (United 93), before landing in the lap of the mastermind behind 2004’s stunning re-imagining of Dawn of the Dead and 2007’s March blockbuster 300. From the moment that the first trailer for Zack Snyder’s $120M comic book adaptation made its debut at midnight screenings of The Dark Knight in July, this has been a sure-fire mega-hit. Now, the big screen version of the 1986 graphic novel will be unleashed on Friday.

WATCHMEN writer Alan Moore has reportedly placed a curse on the movie

The original comic was written by Alan Moore and the lead artist was Dave Gibbons. The collaborators have radically different views of Snyder’s film adaptation.The latter has publicly expressed confidence in Snyder. Gibbons reveals to Wired magazine that at one point Joel Silver owned the film rights to Watchmen and that the producer was insistent that Arnold Schwarzenegger should play Dr. Manhattan. (That would have potentially been an unintentional disaster movie.)

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